KULR Technology Group (NYSE American: KULR) adds CFO Kimel and director Perez
Rhea-AI Filing Summary
KULR Technology Group announced leadership changes focused on finance and governance. Effective June 9, 2026, Dr. Michael Kimel resigned from the Board and its committees and was appointed Chief Financial Officer. He brings more than 30 years of experience in pricing, analytics, and financial strategy.
The Board also appointed Steven Perez as an independent director and Chair of the Audit Committee, as well as Co-Chair of the Nominating and Corporate Governance Committee and member of the Compensation Committee. Kimel will receive a $350,000 annual base salary as CFO, while Perez will receive $120,000 annually for his Board and committee service.
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Insights
KULR reshapes its finance function and board oversight with internal and external appointments.
KULR Technology Group moved former Audit Committee Chair Dr. Michael Kimel into the Chief Financial Officer role and added Steven Perez as an independent director and new Audit Committee Chair, both effective June 9, 2026. The board notes Kimel’s departure was not due to any disagreement.
Kimel’s background in pricing, analytics, and profitability initiatives aligns his $350,000-salary CFO role with the company’s focus on operating discipline. Perez, designated an “audit committee financial expert,” strengthens financial oversight while bringing enterprise sales and go-to-market experience that may influence commercial strategy over time.
The long-term impact depends on how effectively Kimel’s operating discipline framework and Perez’s sales leadership translate into improved margins and revenue execution, which will be observable only through future operating and financial results disclosed in subsequent company reports.
8-K Event Classification
Key Figures
Key Terms
independent director financial
audit committee financial expert financial
restricted stock units financial
emerging growth company regulatory
forward-looking statements regulatory
SECURITIES AND EXCHANGE COMMISSION
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) Resignation of Director
Effective June 9, 2026, Dr. Michael Philip Kimel resigned from the Board of Directors (the “Board”) of KULR Technology Group, Inc. (the “Company”) and from his position as Chair of the Audit Committee of the Board, Member of the Compensation Committee of the Board and Co-Chair of the Nominating and Corporate Governance Committee of the Board, in each case in connection with his appointment as Chief Financial Officer of the Company as described in Item 5.02(c) below. Dr. Kimel’s resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
(c) Appointment of Chief Financial Officer
Effective June 9, 2026, the Company appointed Dr. Kimel as Chief Financial Officer of the Company. Dr. Kimel has served as a member of the Company’s Board of Directors and, most recently, as Chair of its Audit Committee.
Dr. Kimel, age 56, has served as Founder and Chief Executive Officer of Pricimetrics, Inc., a pricing and analytics firm, since July 2019. Dr. Kimel is responsible for overseeing the Company’s strategic direction, pricing and analytics solutions, and financial performance initiatives. Previously, Dr. Kimel served as Senior Vice President of Pricing and Analytics at OmniSource United from 2018 to 2019. Prior to that, he served as Senior Director of Pricing and Market Analytics at Toyo Tire Holdings of Americas Inc. from 2014 to 2018. Earlier in his career, Dr. Kimel held various pricing, analytics, and strategy roles, including positions at Sears Holdings Corporation, FirstEnergy Corporation, and Alltel Communications. Dr. Kimel holds a Ph.D. in Economics from the University of California, Los Angeles.
There are no arrangements or understandings between Dr. Kimel and any other person pursuant to which he was appointed as Chief Financial Officer. There are no family relationships between Dr. Kimel and any other director or executive officer of the Company. Dr. Kimel has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
(d) Appointment of Independent Director
Effective June 9, 2026, the Board appointed Mr. Steven Perez as an independent member of the Board.
Mr. Steven Perez, age 53, has held multiple sales roles at Twilio Inc. since April 2017. Most recently, Mr. Perez served as Sales Director, ISV Strategic Accounts at Twilio Inc. from May 2024 to December 2025. Mr. Perez’s responsibilities included managing large-scale revenue portfolios, leading sales teams, sales forecasting, and supporting fiscal planning and revenue tracking for his sales region. The scope of his role consisted of serving independent software vendors and enterprise customers building global communications software solutions supporting customer engagement and AI applications. Prior to Twilio, Mr. Perez held sales and marketing roles at companies including Salesforce, Jive Software, Adobe EchoSign, LinkedIn, Sun Microsystems, and Philips Electronics North America. Mr. Perez holds a Bachelor of Science degree in Business Administration, with a concentration in Financial Management, from California Polytechnic State University, San Luis Obispo.
The Board has determined that Mr. Perez qualifies as an independent director under the applicable rules of the NYSE American LLC. In connection with his appointment to the Board, Mr. Perez was appointed as Chair of the Audit Committee, Co-Chair of the Nominating and Corporate Governance Committee, and a member of the Compensation Committee. The Board has also determined that Mr. Perez qualifies as an “audit committee financial expert” as defined in Item 407(d)(5) of Regulation S-K.
There are no arrangements or understandings between Mr. Perez and any other person pursuant to which he was appointed as a director. There are no family relationships between Mr. Perez and any director or executive officer of the Company. Mr. Perez has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
(e) Compensatory Arrangements
In connection with his appointment as Chief Financial Officer, Dr. Kimel will receive an annual base salary of $350,000. In addition, the Company expects to grant Dr. Kimel an equity award in the form of restricted stock units, the value, vesting terms, and other terms and conditions of which will be determined by the Compensation Committee of the Board at a later date. The Company will disclose the material terms of such equity award once they have been finalized and approved. There are no other material compensatory plans, contracts, or arrangements between Dr. Kimel and the Company entered into in connection with his appointment as Chief Financial Officer.
In connection with his appointment to the Board, Mr. Perez will receive annual cash compensation of $120,000 for his service as a non-employee director and committee membership.
| Item 7.01 | Regulation FD Disclosure. |
On June 9, 2026, the Company issued a press release announcing the resignation and appointments described in Item 5.02 above. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. |
Description | |
| 99.1 | Press Release dated June 9, 2026. | |
| 104 | Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned hereunto duly authorized.
| KULR TECHNOLOGY GROUP, INC. | ||
| Date: June 9, 2026 | By: | /s/ Michael Mo |
| Michael Mo | ||
| Chief Executive Officer | ||
Exhibit 99.1
KULR Technology Group Appoints New Chief Financial Officer and Independent Board Member
HOUSTON / GLOBENEWSWIRE / June 09, 2026 / KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), an energy-systems platform company that enables the safe, certifiable deployment of ultra-high-power lithium battery systems for space and defense programs, mobility applications, hyperscale AI data centers, and telecom infrastructure applications, today announced the appointments of Dr. Michael Kimel as Chief Financial Officer and Mr. Steven Perez as a new independent Board member of the Company, each effective June 9, 2026. In connection with his appointment as Chief Financial Officer, Dr. Kimel resigned from the Company’s Board of Directors effective June 9, 2026.
Dr. Kimel, an executive economist with more than 30 years of experience improving profitability, optimizing cost structures, and leading data-driven financial strategy, previously served as Audit Committee Chair of KULR’s Board of Directors. Dr. Kimel has spent his career helping organizations improve margins, optimize pricing, and create more disciplined financial and operating frameworks. He founded Pricimetrics, a consulting firm focused on profit maximization, and prior to that served as Senior Vice President of Pricing and Analytics at OmniSource United. Previously he served as Senior Director of Pricing and Market Analytics at Toyo Tire Holdings of Americas Inc. Earlier in his career, he held pricing, analytics, and strategy roles at FirstEnergy and Sears Holdings. Dr. Kimel holds a Ph.D. in Economics from the University of California, Los Angeles.
“I am pleased to welcome Mike Kimel as KULR’s Chief Financial Officer,” said Michael Mo, Co-Founder and Chief Executive Officer of KULR Technology Group. “Mike has already begun helping KULR sharpen its operating discipline, pricing framework, and margin improvement initiatives. His background in financial strategy, economics, and profitability improvement makes him well suited to lead KULR’s next phase of disciplined, profitable growth.”
“I am honored to step into the CFO role at such an important time for KULR,” said Dr. Kimel. “The Company has a significant opportunity to build on its differentiated battery safety and energy systems platform while at the same time implementing its Operating Discipline Framework -- strengthening financial discipline, improving operating leverage, and aligning capital allocation with long-term shareholder value creation. I look forward to working closely with Michael, the Board, and the leadership team supporting KULR’s next stage of growth.”
Steven Perez brings more than 25 years of sales, marketing, product marketing, and go-to-market leadership experience across some of Silicon Valley’s most successful technology companies. Most recently, Mr. Perez served in multiple director-level enterprise sales roles at Twilio (NYSE: TWLO), including Regional Sales Director where he managed large-scale revenue portfolios and led teams providing communications software, customer engagement, and AI solutions to independent software vendors and enterprise platform customers. Earlier in his career, Mr. Perez held sales, product marketing, and field marketing roles at Salesforce, LinkedIn, Adobe EchoSign, Jive Software, Sun Microsystems and Philips Electronics North America. Mr. Perez holds a Bachelor of Science degree in Business Administration with a concentration in Financial Management from California Polytechnic State University, San Luis Obispo.
KULR CEO Michael Mo added, “I am pleased to welcome Steven Perez to KULR’s Board. Steve brings deep enterprise sales and go-to-market experience from category-defining technology companies. As KULR continues to scale its advanced battery systems across demanding commercial, defense, aerospace, and energy infrastructure markets, Steve’s experience building and managing high-performing sales organizations will be highly valuable to the Company.”
“I am excited to join KULR’s Board as the Company continues to commercialize its advanced battery systems and energy management platforms,” said Steven Perez. “KULR is addressing critical power, safety, and performance requirements across markets where reliability is mission-critical. I look forward to working closely with the leadership team to build on the Company’s go-to-market strategy and helping the team scale customer adoption.”
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, mobility applications, hyperscale AI data centers, and telecom infrastructure applications. Learn more at KULR.ai.
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Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, intentions and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All such forward-looking statements that are provided by management in this release are based on information available at this time, and management expects that internal expectations may change over time. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.